BNP Paribas Securities Services has won a mandate to provide sub-custody and settlement services to ConvergEx in Poland.
ConvergEx provides proprietary software products and technology-enabled services to more than 4,000 asset managers and financial intermediary customers. It offers its global customers execution in more than 100 markets worldwide.
Commenting on the arrangement, Bea Ordonez, chief operating officer of ConvergEx’s global execution business, said: “We were very impressed with BNP Paribas Securities Services’ capabilities in Poland and are pleased to have appointed them as our sub-custodian.”
Andrzej Szadkowski, head of BNP Paribas Securities Services Poland, said: “We are pleased to have signed this agreement with ConvergEx and we look forward to supporting their business activities here in the burgeoning Polish market. This win significantly strengthens our position as a sub-custodian in Poland.”
The development extends a relationship that began in 2009 when ConvergEx appointed TEB Securities Services, BNP Paribas Securities Services’ joint venture in Turkey, as its local custodian in the Turkish market.
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